Black Horse Ride: The Inside Story of Lloyds and the Banking by Ivan Fallon

By Ivan Fallon

Longlisted for the FT and McKinsey enterprise booklet of the yr Award 2015

In September 2008, HBOS, with resources higher than Britain’s GDP, was once at the fringe of financial disaster. Its cave in may have created the most important monetary situation because the Nineteen Thirties and a tremendous political catastrophe for the Labour govt. With the assistance and aid of Gordon Brown, HBOS used to be rescued via Lloyds TSB, one of many country’s most powerful banks, in conditions that experience on account that turn into the stuff of urban legend.

In the hugely acclaimed Black Horse trip, veteran monetary journalist Ivan Fallon brings jointly the bills of all of the energy avid gamers fascinated by this dramatic saga for the 1st time, together with the most important roles performed via the Governor of the financial institution of britain, the best Minister and the Treasury.

Through a compelling forged of renowned bankers, politicians and traders, Fallon unearths what quite happened within the aftermath of the crash of Lehman Brothers, might be the worst unmarried day in banking history.

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